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Axios

Business

Record number of women appointed to Fortune 500 boards

Heidrick Struggles

Data: Heidrick & Struggles; Chart: Kavya Beheraj/Axios

Women comprised 45% of all new Fortune 500 board appointments in 2021, a new high, while Black directors were 26% of new appointees, a tad lower than 2020 after a surge that year, according to a report released Wednesday morning by executive search and leadership consulting firm Heidrick & Struggles.

Why it matters: The yearslong push to diversify boardrooms intensified in 2020 after companies were spurred to action in the aftermath of the killing of George Floyd — and it appears to be paying off.

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